NOT LISTED FOR SALE

498 Ocean Ave West Haven, CT 06516

West Shore Neighborhood

Estimated Value: $558,241 - $853,000

5 Beds
5 Baths
3,242 Sq Ft
$222/Sq Ft Est. Value

Last Sold November 30, 2023

Last sale price $750,000 $231 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $5,079/month

3 Days on Market

Highlights

  • Deck
  • Thermal Windows
  • Shed
  • Wrap Around Balcony
  • Tankless Water Heater
  • Baseboard Heating

About This Home

As of November 2023

Welcome to this remarkable multi-family property that combines elegant living with versatile options for income and creativity. This spacious 5-bedroom, 5-full bath gem boasts 3,210 square feet of comfortable living space and captivating water views. The main house upgrades include all new tankless water heaters, furnaces, shaker style kitchen cabinets with quartz countertops, new appliances, freshly stained white oak hardwood floors, commercial grade luxury vinyl plank flooring, brand new bathrooms with custom tile work. Unit 1 is a 2-bedroom, 2-full bath apartment, currently rented, offering a fantastic opportunity for immediate income generation. Unit 2 offers a townhouse-style layout with 3 bedrooms and 2 full baths. A private master suite on the third floor, provides serene views that will captivate your senses. A two-car detached garage is complemented by a 598 square foot studio space with 1 full bath, creating an ideal spot for creativity, a home office, or additional rental income. upgrades include, shaker style kitchen cabinets, commercial grade luxury vinyl plank flooring and a new ductless mini-split system ensuring comfort year-round (See agent remarks). Best of all, the property is NOT in a flood zone. This two-family home is a rare find, combining the comforts of modern living with the potential for more rental income or a creative studio space. With water views and tranquil West Shore location, it's an opportunity that won't last long.

Last Agent to Sell the Property

Steven Anderson

Keller Williams Realty License #RES.0808576 Listed on: 10/10/2023

Keller Williams Realty

Last Buyer's Agent

Heather Fitzgerald

Coldwell Banker Realty License #REB.0794045

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,541

Year Built

  • Built in 1920

Lot Details

  • 7,405 Sq Ft Lot
  • Level Lot

Home Design

  • Stone Foundation
  • Asphalt Shingled Roof
  • Stucco Exterior

Interior Spaces

  • 3,242 Sq Ft Home
  • Thermal Windows

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Parking

  • 2 Car Garage
  • Parking Deck
  • Driveway

Accessible Home Design

  • Multiple Entries or Exits

Outdoor Features

  • Wrap Around Balcony
  • Deck
  • Shed

Schools

  • West Haven High School

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Heating System Mounted To A Wall or Window
  • Tankless Water Heater
  • Hot Water Circulator

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 1417664

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,541

Year Built

Built in 1920

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Neighborhood: West Shore
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 3242
  • Total Sq Ft: 3242
  • Year Built: 1920
  • New Construction: No/Resale
  • Property Sub Type: 2 Family
  • Handicap Features: Multiple Entries/Exits
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Directions: GPS
  • Financing Used: VA
  • Street Type: Avenue
  • Special Features: None

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 5
  • Full Bathrooms: 5
  • Basement Description: None
  • Laundry Room Info: All Units Have Hook-Ups
  • Attic: No

Exterior Features

  • Exterior Features: Deck, Shed, Wrap Around Deck
  • Exterior Siding: Stucco
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: View Walk to Water
  • Swimming Pool: No
  • Construction Description: Stucco

Garage/Parking

  • Garages Number: 2
  • Driveway Type: Paved
  • Garage And Parking: Detached Garage, Off Street Parking

Utilities

  • Cooling System: Ductless, Wall Unit
  • Heat Type: Baseboard, Gas on Gas, Hot Water, Wall Unit
  • Heat Fuel Type: Electric, Natural Gas
  • Fuel Tank Location: Non Applicable
  • Hot Water Description: Natural Gas, Tankless Hotwater
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.17
  • Lot Description: Level Lot
  • Zoning: R2
  • Parcel #: 1417664

Multi Family

  • Total Number Of Units: 2
  • Unit Count: 3

Tax Info

  • Property Tax: 10541

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: West Haven

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2023
Closed on
Nov 30, 2023
Sold by
Blue Spark Ocean Ave Llc
Bought by
Dawson Jason T
Seller's Agent
Steven Anderson
Keller Williams Realty
Buyer's Agent
Heather Fitzgerald
Coldwell Banker Realty
List Price
$729,000
Sold Price
$750,000
Premium/Discount to List
$21,000
2.88%
Views
131
Current Estimated Value
$721,060

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$28,940
Avg. Annual Appreciation
-1.76%
Original Mortgage
$741,609
Outstanding Balance
$729,900
Interest Rate
7.76%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
-$8,840

Purchase Details

Listed on
Feb 23, 2023
Closed on
Mar 15, 2023
Sold by
Dwelling Series Iv T and Us Bank Tna
Bought by
Blue Spark Ocean Ave Llc
Seller's Agent
Michael DelGreco
New England Realty Assoc LLC
Buyer's Agent
Steven Anderson
Keller Williams Realty
List Price
$274,900
Sold Price
$376,023
Premium/Discount to List
$101,123
36.79%
Views
630

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
176.03%

Purchase Details

Closed on
Jan 4, 2023
Sold by
National City Bank
Bought by
Dwelling Series Iv T

Purchase Details

Closed on
Jun 15, 2022
Sold by
Belanger Bart A and Us Bank Na
Bought by
Us Bank Na
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Dawson Jason T -- None Available
Dawson Jason T -- None Available
Blue Spark Ocean Ave Llc $376,023 None Available
Blue Spark Ocean Ave Llc $376,023 None Available
Dwelling Series Iv T -- None Available
Dwelling Series Iv T -- None Available
Us Bank Na -- None Available
Us Bank Na -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dawson Jason T $741,609
Closed Dawson Jason T $741,609
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2023 11/30/23 Sold $750,000 +2.9% $231 / Sq Ft
10/13/2023 10/13/23 Pending -- -- --
10/10/2023 10/10/23 For Sale $729,000 +93.9% $225 / Sq Ft
03/28/2023 03/28/23 Sold $376,023 +36.8% $116 / Sq Ft View Prior Sale
03/08/2023 03/08/23 Pending -- -- --
02/23/2023 02/23/23 For Sale $274,900 -- $85 / Sq Ft
Source: SmartMLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,380 $498,330 $105,910 $392,420
2024 $14,456 $308,490 $73,360 $235,130
2023 $10,541 $233,730 $73,360 $160,370
2022 $10,352 $233,730 $73,360 $160,370
2021 $10,352 $233,730 $73,360 $160,370
2020 $10,160 $209,020 $67,270 $141,750
2019 $9,836 $209,020 $67,270 $141,750
2018 $9,696 $209,020 $67,270 $141,750
2017 $9,435 $209,020 $67,270 $141,750
2016 $9,330 $209,020 $67,270 $141,750
2015 $9,360 $234,710 $73,010 $161,700
2014 $9,360 $234,710 $73,010 $161,700
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2023

    Steven Anderson

    Keller Williams Realty

    (203) 556-3787

    2 in this area

    36 Total Sales

    Steven Anderson
    Section Image
  • Michael DelGreco

    Seller's Agent in 2023

    Michael DelGreco

    New England Realty Assoc LLC

    (203) 631-0832

    6 in this area

    194 Total Sales

    Michael DelGreco
    Section Image
  • Heather Fitzgerald

    Buyer's Agent in 2023

    Heather Fitzgerald

    Coldwell Banker

    (203) 868-6493

    4 in this area

    211 Total Sales

    Heather Fitzgerald
    Section Image
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Map

Source: SmartMLS

MLS Number: 170601499

SmartMLS

APN: WHAV-000004-000028

Connecticut New Haven County West Haven 06516 West Shore

498 Ocean Ave, West Haven, CT

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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